Free Trial

The broad-based EM selloff has seen USDKRW....>

KOREA
KOREA: The broad-based EM selloff has seen USDKRW push through triangle
resistance at 1126.5 to trade at 1129.0. 
- Given the risk that the collapse in the Turkish lira poses to the EM universe,
and the historical tendency for the won to join in during large-scale EM
selloffs, USDKRW faces upside risks. 
- If EM risks subside then we should see US short-term rates continue to rise,
further widening their gap against Korea, meaning that there are few catalysts
for a material push lower in USDKRW. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.